Fund Details

Main Office
National Social Security Fund Council
Xicheng District
Building 11 Fenghuiyuan
Fenghui Times Building, South Wing
100032 Beijing
China

Governance
The board of directors governs the fund. The Chairman and Vice Chairmen are nominated by the State Council. The rest of the directors are appointed by the State Council.

Summary
Established in August 2000, the Central Committee of the Chinese Communist Party and State Council decided to create the National Social Security Fund (NSSF) which is to be administered by the National Council for Social Security Fund (SSF).

Background
This reserve fund is mainly funded by capital and equity assets derived from reduction of state-owned shares, fiscal allocation of the central government, and other investment proceeds. The SSF which manages the fund is a government agency on the ministerial level directly under the State Council of the People’s Republic of China.

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